Dear editor,
RE: Stuart Taylor’s Letter to the Editor
To quit your full-time job that had a pension and full benefits in an economic turn down is just silly. Don't be silly.
That is exactly what this government did when it cut taxes for large corporations (only) by $4.6 billion, without having it tied to reinvestment or job creation.
If you willingly cut your household income by 25 to 30 per cent (as they want to do to our doctors) then say everyone has to reduce services - yes spending is what pays for services. Trying to flush money down a toilet without it being connected to the sewers will only get stuff on your shoes.
To spend money on infrastructure, health and education is akin to having a mortgage or buying an RRSP. It is an investment in the future of the province. Saving for the future? What ever happened to the Heritage Trust Fund?
Not wanting to leave a debt for our grandchildren? What about the debt they will pay for with a diminished education? Diminished job prospects, diminished health outcomes, diminished productivity, are all the debt our grandchildren will be paying with their lives not just their paychecks.
Mr Taylor refers to a crisis. The debt levels confronted Romanow (NDP), Chretien (LPC) and Klein (PC) have one thing in common. They all took over from a Conservative government.
When times are tough, that is when these services are most needed.
The Alberta credit rating has decreased. For one reason they stated, lack of a provincial sales tax.
Implementation of a harmonized tax (HST) could bring in enough income to reduce or eliminate income taxes for those who make less than $100,000 a year. Money back in Albertans pockets, which is put back into the economy, equal growth.
Increased income x positive reinvestment = prosperity
Two positives multiplied together always equals a positive.
With these cuts, we will not be hitting a wall but the bottom.
The dead cat may not bounce high enough. (Financial term for a temporary recovery)
Ken Kuzminski
Jasper
